The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
According to energy intelligence firm, Vortexa, Indian refiners cumulatively imported around 1.3 million barrels per day (mbpd) of crude oil during January 1-15, 2023. Private refiners accounted for 60 per cent of the imports in the same period
The global investment tide is turning in favour of emerging markets, delegates at the World Economic Forum in Davos heard, with JSE CEO Leila Fourie believing that SA is set to be one of the beneficiaries